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Jan 8, 2013
01/13
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the debt ceiling fight is very, very different. it will -- if it goes to the crisis the republicans talk about creating, initiate a broad meltdown as regards our economy. and it runs the risk of putting people out of work. >> so many comparisons being made to what happened in the '90s under newt gingrich. the world economy is a lot different right now. i know your "nation" magazine has done a lot of reporting on this. who would be affected the most? who would survive and who wouldn't? >> well, small businesses would be devastated by this because you'd see a lobbing up of capital at very, very rapid rate. and anybody who relies on a line of credit could end up in really big trouble -- farmers, working folks, anybody trying to get a mortgage. you would see a very, very quick impact. and the problem is also the instability of a situation like this, especially at a point when our economy is just beginning to get rolling, starting to really show some signs of moving in the right direct. >> sure. >> some key manufacturing hiring. this wo
the debt ceiling fight is very, very different. it will -- if it goes to the crisis the republicans talk about creating, initiate a broad meltdown as regards our economy. and it runs the risk of putting people out of work. >> so many comparisons being made to what happened in the '90s under newt gingrich. the world economy is a lot different right now. i know your "nation" magazine has done a lot of reporting on this. who would be affected the most? who would survive and who...
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Jan 8, 2013
01/13
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that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. ] up high! up high! [ sighs ] [ chuckles ] yo, give it up, dude! up high... ok. up high... ok. high! up high!!! ok ok that's getting pretty old. don't you have any useful apps on that thing? who do you think i am, quicken loans? [ chuckles ] at quicken loans, our amazingly useful mortgage calculator app allows you to quickly calculate your mortgage payment based on today's incredibly low interest rates... right from your iphone or android smartphone. this great tool answers your home loan questions organizes your results, and lets you calculate with the confidence of a rocket scientist. you can even take notes and add photos of your favorite homes! it's the 21st century way to make your next home refinance or purchase easy. download it today from the app store or google play... the mortgage calculator by quicken loans... one more way
that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. ] up high! up high! [ sighs ] [ chuckles ] yo, give it up, dude! up high... ok. up high... ok. high! up high!!! ok ok that's getting pretty old. don't you have any useful apps on that thing? who do you think i am, quicken loans? [ chuckles ] at quicken loans, our amazingly useful mortgage calculator...
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Jan 8, 2013
01/13
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that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. >>> john brennan is the man president obama nominated to run the cia. he is also the man who helped create america's policy of drone war fare. that is next. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if, while on enbrel, you ex
that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. >>> john brennan is the man president obama nominated to run the cia. he is also the man who helped create america's policy of drone war fare. that is next. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower...
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Jan 8, 2013
01/13
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to the debt ceiling extension question? >> the debt ceiling is likely to come first. the funny thing is at this point to some extent there aren't any external deadlines they absolutely have to meet. these are all created by washington. historically the debt ceiling was not an occasion for a big policy change. it became one in 2011, the republicans successfully made that happen. but they could easily extend the debt kreiling the way washington has in the past. in some ways the bigger thing is the sequester. it was supposed to be january 1, they pushed it back to march 1. substantial cuts. not overwhelming but substan tomorrow domestic programs and the military. most people don't want them take effect and the question is can they come up with something else that would bring down the deficit instead of across-the-board sequester cuts scheduled for march 1. >> rose: i watched over the weekend the talk shows and mitch mcconnell, the leader of the republicans in the senate said the tax question is off the table. we've dwelt that
to the debt ceiling extension question? >> the debt ceiling is likely to come first. the funny thing is at this point to some extent there aren't any external deadlines they absolutely have to meet. these are all created by washington. historically the debt ceiling was not an occasion for a big policy change. it became one in 2011, the republicans successfully made that happen. but they could easily extend the debt kreiling the way washington has in the past. in some ways the bigger thing...
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Jan 8, 2013
01/13
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i don't know that he would be ready to refuse to lift the debt ceiling. but, you know, he cease himself as having won something in the fiscal cliff go-round, chris, and so -- and i think that boehner sees himself as having lost something and needing to win back the fealty of those tea party republicans. so i still think we're in for an ugly few months. but i think they -- if they won't do the debt ceiling, they have less leverage. >> what a country. let's drop left wing, right wing for a second. we're the country of the world, we're the role model, we're the city in the hill, right? what a joke teaching democracy this way. >> i'm not sure the framers of the constitution envisioned a day when the members of congress would hold the president hostage. >> and not pay their debts. >> by not paying their bills. you have the cr, the continuing resolution that funds the government running out in march. you have the sequester deadline, which they couldn't deal with this time. they kicked down the road to march 1. and you have the debt ceiling hitting about the sam
i don't know that he would be ready to refuse to lift the debt ceiling. but, you know, he cease himself as having won something in the fiscal cliff go-round, chris, and so -- and i think that boehner sees himself as having lost something and needing to win back the fealty of those tea party republicans. so i still think we're in for an ugly few months. but i think they -- if they won't do the debt ceiling, they have less leverage. >> what a country. let's drop left wing, right wing for a...
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Jan 8, 2013
01/13
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. >>> republicans think the debt ceiling law is there to police government spending. i'll tell you why they're wrong and big surprise here, rush limbaugh talking out of his elbow again. i'm ali velshi. this is your money. up first, aig. >> we repaid every dollar america lent us. >> everything, plus a profit of more than $22 billion. >> for the american people. >> thank you, america. >> helping people recover and rebuild, that's what we do. now, let's bring -- >> aig, the massive insurance company that was at the center of the 2008 financial crisis was taking those ads to thank america for having its back and reminding us in not so subtle terms that taxpayers earned better than a $22 billion profit on the $182 billion bailout that aig got from taxpayers. now, i don't know what you do when you're grateful for something, but i'll tell you what aig is considering doing. biting the hand that fed them. aig's board is considering joining a lawsuit brought by shareholders in 2011 against the u.s. treasury department and the federal reserve that claims the $182 billion bailout
. >>> republicans think the debt ceiling law is there to police government spending. i'll tell you why they're wrong and big surprise here, rush limbaugh talking out of his elbow again. i'm ali velshi. this is your money. up first, aig. >> we repaid every dollar america lent us. >> everything, plus a profit of more than $22 billion. >> for the american people. >> thank you, america. >> helping people recover and rebuild, that's what we do. now, let's bring...
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Jan 8, 2013
01/13
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for three years in order to have any consideration of a debt ceiling hike. i mean one would think that you won't have to put those kind of strict you ares on the senate in order to get it to do its job. it is the case that senate democrats in particular have sought to avoid any kind of restraint on spending, including the restraints that are incumbent on the body itself by just passing a budget. jon: when president obama, you know, directs his criticism at congress it always seems to be directed at the house of representatives and speaker john boehner, as if the democrats on capitol hill have nothing to do with the logjam. >> yeah, i think that's right. i think that is one of the key points in this whole broad discussion of government spending. people forget that president obama came to office, i mean there was a debate in august of 2008, a presidential debate in which president obama vowed to fix entitlement spending in his first term and then shortly before he was nicaragua rated he talked further about the need to reign in entitlement spending and reform
for three years in order to have any consideration of a debt ceiling hike. i mean one would think that you won't have to put those kind of strict you ares on the senate in order to get it to do its job. it is the case that senate democrats in particular have sought to avoid any kind of restraint on spending, including the restraints that are incumbent on the body itself by just passing a budget. jon: when president obama, you know, directs his criticism at congress it always seems to be...